I am an indian, interested in trading in equity at NSE and BSE markets. I am willing to go for opening a demat and trading account with a discount broker( rksv or zerodha). Regarding it I have some query :- Is it necessary to have a net banking-enabled bank account to deposit funds or if it can be done using debit/credit card also? And I would like to trade online only.
Yes, you need a net-banking enabled bank account to transfer funds to your trading account.
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Having net banking is an added advantage to transfer funds instantly, apart from online transfer you can transfer funds through NEFT/RTGS, this will take 2-4 hours to receive & credit to your trading account, or can deposit a cheque, if it's a local cheque it takes 24 hours to get credit to your trading account, in case of out-station it will take 3-4 working days.
Check this link for more details.
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